The Friends of the Earth are not happy with Obama’s nuclear plans:
Critics of the loan guarantee program called the award another industry “bailout.”
“The last thing Americans want is another government bailout for a failing industry, but that’s exactly what they’re getting from the Obama administration,” said Ben Schreiber, an analyst for Friends of the Earth, in a statement.
Michael Mariotte, executive director of Nuclear Information and Resource Service, said the loan program is a subsidy for nuclear power.
“This would be a repudiation of Obama’s own campaign statements against subsidies for nuclear power, and the implementation of the worst energy policy excesses of the Bush administration and failed presidential candidate Senator John McCain,” Mariotte said.